Silicon Valley Bank

US Fed admits to failure in identifying start-up bank troubles

SVB’s failure on March 10 after taking on too much interest-rate risk caused shock waves throughout the banking sector, and led to the failure of another regional US bank and the merger under pressure of Swiss investment banking giant Credit Suisse

How the failure of Silicon Valley Bank might have affected the entire financial system

Research suggests that a run-on deposits at Silicon Valley Bank and Signature Bank could have set off a cascading series of bank failures, crippling small businesses and economic activity across wide parts of the country

Biden urges US regulators to restore tougher rules on midsize banks

While his predecessor Donald Trump eased rules for banks with between $100 billion and $250 billion in assets, Biden urged regulators to instead consider a set of reforms to 'reduce the risk of future banking crisis,' according to a White House fact sheet

US lawmakers slam regulators for Silicon Valley Bank oversight failures

The Senate Banking Committee grilled senior Federal Reserve, Treasury and Federal Deposit Insurance Corporation (FDIC) officials about their inability to prevent the collapse of the Californian lender on 10 March

US regulators to consider SVB oversight failures in upcoming reports

The Federal Deposit Insurance Corporation will launch an examination of the deposit insurance system in light of the decision by regulators to make uninsured depositors whole after SVB's collapse, FDIC Chair Michael Gruenberg told the Senate Banking Committee

A takeover, a comeback and a resignation: The latest from three weeks of banking turbulence

It's been three weeks of banking turbulence. On Monday, North Carolina-based First Citizens Bank announced it had agreed to purchase Silicon Valley Bank while the chairman of Saudi National Bank, the main shareholder of troubled lender Credit Suisse, resigned

TIMELINE: Know all about the global banking crisis in 10 points

Federal Reserve Chair Jerome Powell, on 22 March, had said SVB's failure is not indicative of wider weaknesses in the banking system

Banking turmoil has potential to trigger financial crisis, warns ANZ Banking Group CEO

Authorities around the world are on high alert for the fallout from the recent turmoil at banks following the collapse of SVB and Signature Bank in the US and the emergency takeover of Credit Suisse

First Citizens Bank buys SVB's deposits, loans from FDIC

The deal has given markets some respite as it was the first weekend in several weeks that did not bring news of fresh banking collapses, rescue deals or emergency help from authorities to shore up confidence

Lawmakers tell ex-CEOs 'you must answer' for bank failures

Gregory Becker, the former head of Silicon Valley Bank, and to Joseph DePaolo, the former head of Signature Bank had indicated to the committee they would be unable to attend the hearing. But the senators said they believe the CEOs can testify to Congress without disclosing confidential details